Bitcoin whales and long term holders are always looking for places they can spend their cryptocurrency without having to touch fiat. Fancy allows just that, with a huge catalog of luxury shoes, high-end gadgets and much more. The site now accepts both BTC and BCH, and offers a special discount for crypto shoppers.

Crypto Discount on Luxury Goods

Fancy.com, a curated luxury goods marketplace featuring over 250,000 products, has announced that, since the company doesn’t pay credit card processing or fraud protection fees on orders placed with crypto, the site is going to pass those savings on to the consumer. So anyone who pays with BTC or BCH can just type in the discount code “crypto,” and their price will be reduced by 3%. The company explains that at an average $1,000 per Fancy order, crypto customers stand to save $30 on each of their orders.

Fancy CEO, Joe Einhorn, said “Maybe we can be a part of the start of an enduring effort where all eCommerce companies adopt crypto and share the cost efficiencies with consumers.”

Bitcoin Cash Adoption

Fancy started accepting crypto payments on the platform via Coinbase Merchant Tools back in 2013. However, earlier this year Coinbase discontinued the product in favor of its newer Coinbase Commerce service and suspended custodial solutions for merchants, which led to “making crypto payments difficult” so Fancy now switched to Bitpay. Along with this recent change, the marketplace has also started accepting BCH payments.

Accepting Bitcoin Cash on Fancy was not just about the switch to Bitpay, but also about the philosophical underpinnings of the BCH community, according to the site’s CEO. “When you read about their hope for Bitcoin Cash, it sounds pretty similar our hopes and other people’s hopes about frictionless commerce and a world empowering not only consumers but vendors to conduct transactions in the most efficient way possible. On the surface, we think there’s an alignment philosophically with Bitcoin Cash,” Einhorn explained to Modern Consensus.

What type of goods would you want to buy with your bitcoin? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

In Case You Missed It

8 Crypto Debit Cards You Can Use Around the World Right Now. If there is a tool that significantly expands the usability of digital coins in a world still dominated by traditional payment systems, it’s the crypto debit card. A growing number of reliable platforms offer the fintech product to bitcoin enthusiasts… read more.

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.